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Senate Empowers President on Tariffs | Wilmington News
Senate pushes new bill to give President targeted tariff power against trade-deficit countries, aiming to fix unfair global trade imbalances after Supreme Court struck down Trump-era broad tariffs. The Trade Deficit Elimination Act would require annual lists of offending nations, letting the President adjust tariffs selectively — with exemptions for critical national security goods and no-go supply chains. While bypassing full congressional approval, it still mandates consultation with key legislative committees, creating a smarter, more focused tool to protect American industries and workers…
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